PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading 0.3% Higher – Still a Buy?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shares traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $24.82 and last traded at $24.74. 71,356 shares were traded during trading, a decline of 81% from the average session volume of 368,326 shares. The stock had previously closed at $24.66.

PIMCO Dynamic Income Strategy Fund Trading Up 0.3 %

The stock has a 50-day moving average of $26.60 and a 200 day moving average of $25.03.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a $0.1334 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Thursday, February 13th.

Insider Buying and Selling

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 2,000 shares of the stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $25.14 per share, for a total transaction of $50,280.00. Following the acquisition, the insider now owns 6,810,213 shares in the company, valued at $171,208,754.82. The trade was a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders purchased 761,004 shares of company stock worth $20,949,227.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of large investors have recently bought and sold shares of PDX. Continuum Advisory LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $26,000. Financial Perspectives Inc purchased a new position in PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $85,000. Catalina Capital Group LLC bought a new position in PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $203,000. Convergence Financial LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter worth $203,000. Finally, Cynosure Group LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $210,000.